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Klarna offers payment solutions to retail POS provider Vend

KlarnaVend, a software provider for retail point of sale (POS) has partnered with Klarna, to allow small businesses to compete with enterprise retail and offer Klarna’s payment solutions across the UK. The company is also planning for a rollout in the US later in the year.

According to the supplier, customers will be provided with buy-now-pay-later flexibility in-store on Vend ePOS, and online. This partnership is expected to aid small businesses, as they can create a flexible checkout experience that’s easy to set up. Connecting to any smartphone, customers will be able to pay with Klarna by scanning a QR code or using a payment link provided by SMS or email, before filling out their details and selecting a payment option. Klarna will then make a real time decision and Vend’s ePOS system will automatically reconcile the supplier’s sales at the end of the day.

Vend states that it chose to partner with Klarna due to the payment provider’s global reach and client roster including brands and retailers like ASOS, Made.com, Boohoo, and Samsung. Klarna has recently expanded its in-store capabilities with the flagship launch of schuh in December 2019.

Recently IBS Intelligence reported that Klarna announced the extension of its partnership with British online fashion retailer, ASOS.

Established in 2005 in Sweden, Klarna aims to provide merchants with a flexible range of preferred payment alternatives for enabling consumers to pay online and in-store. The company has clients including ASOS, Peloton, Swoon, Michael Kors, Superdry, Gymshark, Samsung, Topshop, Oliver Bonas and many more.

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